This morning, we had a good briefing from David Hall from iCare Housing. One of the points made was that several banks are getting ready to sell tranches of distressed mortgages. This is partly due to pressure from the European Central Bank, ECB, which is asking the banks to clean up their balance sheets. The programme for Government has a clear commitment to setting up a dedicated court service to deal with these and impose solutions on the banks. Where are we at with this court being available to distressed mortgage holders to use?

This matter is under consideration. I will not be in a position to publish draft heads of a Bill this side of the end of the year. However, I am happy to communicate directly with the Deputy as to where we are with it.